I don't think this really matters ...to know when your lender actually sold your loan or how many times they will probably do it before you pay it off, because your loan can be sold over and over.... Did you know that?

And I don't think it matter to you if they sold it or not!  But some think that if their lender had not sold them out, they would be getting better treatment now because their lender was a nicer institution than the servicer they now have.....

There is no limit to the times your loan can be sold to another servicer!

Some get confused with what is meant by a servicer

WHAT IS A SERVICER?  The servicer is YOUR mortgage company. It is the company that handles the day-to-day tasks associated with managing your loan.  After your mortgage loan closed, your lender more than likely outsourced the job of managing your loan to another company called a SERVICER. This is the company you call when you have questions about your loan.

Their duties include but are not limited to:

• Collecting and remitting loan payments
• Responding to borrower inquiries
• Making advances when required
• Accounting for principal and interest
• Holding funds for payment of property taxes and hazard insurance (also called Managing your escrow account)
• Making any physical inspections of the property
• Counseling delinquent mortgagors
• Supervising foreclosures and property dispositions in case of defaults 

Although your loan may have been sold out.... in most cases the Servicer is not your real problem --if you need a loan workout or some other option becaues you are underwater... in most cases it is the investor that you have to worry about -- they have the final power of decision.

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If you have Short Sale questions: 

 

ATTENTION CENTRAL VALLEY HOMEOWNERS: 

Join us for at our SHORT SALE WORKSHOPS (call for info)

We can help you with a Short Sale if you are in a situation of 

*Pre-Foreclosure   *Hardship    *Job Lost   *Reduced Income   *Divorce   *Upside down on Equity   *Can't afford Mortgage   *Unexpected Medical Expenses    * Can't Refinance

* Failed/Denied HAMP Loan Modification * Other

Some of the BENEFITS OF A SHORT SALE

*Avoid Foreclosure   *Reduced damage to your credit   *Free of financial burdens  

* Relief of the stress   * Possible incentive from HAFA (Home Affordable Foreclosure Alternative)

ASK me about - the Central Valley...

WACHOVIA FASTTRACK SHORT SALES 

It is an EASY, NO Stress & FAST way to get an APPROVED - Short Sale

Rosemary Brooks, Realtist, HRC, REO Best Practice Certified

EMBARCADERO INVESTMENTS

the Mother and Daughter Realty Team

Central Valley Realtist Association / NAREB

www.centralvalleyrealtist.com / www.nareb.com

      WE SELL REO & HUD HOMES

Phone:   866-543-0461     Fax:   209-879-4601

EMAIL:     info@motheranddaughterrealtyteam.net

  WEBSITE: www.shortsales.web.officelive.com

Serving the Central Valley, Stanislaus & Bay Area

                     

The Mother and Daughter Realty Team (Rosemary Brooks & D'Adrea Davie) specialize in Central Valley and in the Bay Area: Stockon, Lodi, Lathrop, Manteca, Tracy, Mountain House, Salida, Ripon, Salida, Modesto, Livermore, Dublin, Pleasanton, San Ramon, Hayward, Castro Valley, Union City, Fremont, Newark.

We are tech savvy Real Estate Agents with over 8 years of experience.  Please join us on our websites (www.shortsales.web.officelive.com), (www.Reos.web.officelive.com) and Social Networking Network to stay up to date on Central Valley & Bay Area real estate news and more.

    Specializing in Bank Owned and Short Sale properties

  ~~We take the extra steps to ensure our clients receive the utmost care  ~~